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Stock Market & Financial Investment News

News Breaks
January 15, 2013
12:27 EDTLULU, TGT, AAPL, SNTS, RSH, GIVN, EXPR, FBOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday but off early lows as investors digested a batch of mixed domestic economic data. Retail sales were stronger than expected in December and inflation, as measured by the producer price index, was cooler than expected. However, manufacturing in the New York region contracted in January for the sixth straight month. Fears about the impact of the ongoing debt ceiling debate flared again after President Obama and Fed Chairman Bernanke both spoke about it yesterday and ratings agency Fitch warned that the U.S. could lose its top credit rating if its spending issues were not addressed... ECONOMIC EVENTS: In the U.S., the January Empire State Manufacturing Survey from the New York Fed rose slightly to -7.78 from last month's -8.10 reading, but missed forecasts for a rise to 0.00. The Commerce Department said retail sales increased 0.5% in December, versus the expected increase of 0.2%. Producer prices fell 0.2% during last month, versus the expected decrease of 0.1%. Business inventories grew 0.3% in November, matching expectations. In Europe, Germany's statistics office said the nation's economy grew by 0.7% in 2012, but its gross domestic product declined 0.5% in Q4. However, the euro zone recorded a higher than expected trade surplus in November thanks to surging exports and flat imports... COMPANY NEWS: Apple (AAPL) narrowly avoided closing below $500 yesterday, but has spent all of today's session below that level amid some conflicting analyst commentary. Research firm Nomura lowered its estimates and price target for Apple, while Sterne Agee, Jefferies and RW Baird all made positive comments... Facebook (FB) shares rose about 1% ahead of its press event, scheduled for 1 pm ET, for an as yet unnamed product or feature it is building... Radioshack (RSH) shares, which had initially moved higher after the company said it is terminating a mobile partnership with Target (TGT), slid over 3% near noon... MAJOR MOVERS: Among the notable gainers were Express (EXPR), up 22% after raising its Q4 and FY12 EPS views, and Santarus (SNTS), up over 9% after getting FDA approval for a drug and guiding to revenue above the Street's expectations. Among the noteworthy losers was lululemon (LULU), which slid more than 6% after providing disappointing revenue guidance. Also lower were U.S.-listed shares of Given Imaging (GIVN) which dropped over 11% after the company said it is no longer considering a sale or merger and that its controlling shareholder plans to seek and consider a sale of its stake... INDICES: Near noon, the Dow was down 5.33, or 0.04%, to 13,501.99; the Nasdaq was down 10.65, or 0.34%, to 3,106.85; and the S&P 500 was down 1.53, or 0.10%, to 1,469.15.
News For AAPL;FB;RSH;TGT;EXPR;SNTS;LULU;GIVN From The Last 14 Days
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January 25, 2016
19:48 EDTAAPLApple design chief Jony Ive not unhappy with car project, CNET says
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19:20 EDTAAPLApple reshuffles India operations after 'deep discounting' in quarter, ET says
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17:14 EDTLULULone Pine Capital reports 5.0% passive stake in lululemon
16:00 EDTFB, AAPLOptions Update; January 25, 2016
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15:12 EDTFBFacebook volatility increases into Q4 and outlook
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14:18 EDTAAPLApple volatility increases into Q1 and outlook
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14:17 EDTAAPLVIX methodology for Apple VXAPL +3% to 39.17 into Q1 & outlook
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14:06 EDTAAPLApple technical comments ahead of earnings, potential bearish pattern
There is a potential bearish head and shoulders top, which is most easily seen on a 3-year chart. The neckline for the pattern is at the $100 area on a closing basis, and in recent sessions the pattern has been both active and inactive as price crossed that line. If the news is bearish, a breakdown below $100 would see the pattern become active. Downside potential for the pattern would be to the $70 to $66 area. If the news is a bullish surprise, and sentiment has turned negative on the name which could add to short-cover demand, the counter-reaction up may be as large as pattern suggests is possible on the downside. It could mean in time a retaking of the $130 area or higher. The life high for the shares is at $134.54.
12:59 EDTAAPLApple executives unsatisfied with progress of 'Project Titan,' AppleInsider says
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12:05 EDTFBTwitter growth acceleration less likely in near-term, says Evercore ISI
Evercore ISI analyst Ken Sena says the likelihood of near-term growth reacceleration at Twitter (TWTR) looks less likely following today's executive departures. The analyst adds in an intraday research note that traffic trends and agency channel checks continue "to point to the worst" for the company. Sena lowered his Q4 estimates to the low-end of the company's guidance and cut his price target for the shares to $19 from $22. He continues to prefer Facebook (FB) and keeps a Hold rating on Twitter.
10:03 EDTAAPLApple's iPhone 5se to likely come with faster A9/M9 chips, 9to5Mac reports
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09:32 EDTFB, AAPLApple Active equity options trading on open
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07:40 EDTFBFBR sees constructive setup into Facebook earnings report
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07:06 EDTAAPLApple volatility elevated into Q1 and outlook
Apple 1/29/16 call option implied volatility is at 57, February is at 38; compared to its 52-week range of 18 to 55, suggesting large near term price movement into the expected release of Q1 results on January 26.
07:02 EDTLULUlululemon can take prices higher, says Jefferies
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06:44 EDTAAPLApple to release new iPhone, iPad Air 3 in 1H16, AppleInsider says
Apple is planning to launch a 4-inch iPhone as well as the iPad Air 3 in the first half of the year, AppleInsider reports, citing KGI analyst Ming-Chi Kuo. Reference Link
05:51 EDTAAPL, FBOptions expected to be active: TYC JCI TWTR SUNE AAPL PG HAL AMZN FB
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January 24, 2016
19:10 EDTAAPLDaimler CEO: Apple, Google farther along on car than assumed, Reuters says
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15:27 EDTAAPLHead of Apple's car project stepping down, Bloomberg says
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14:40 EDTFBCollapse in private tech could ripple into public markets, Barron's says
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